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| Public corporation overview | |
|---|---|
| Formed | 1 April 2017 |
| Preceding Public corporation | |
| Jurisdiction | Scotland |
| Headquarters | Quartermile Two, 2, Lister Square, Edinburgh, EH3 9GL |
| Minister responsible | |
| Public corporation executive |
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| Website | www |
Crown Estate Scotland (Scottish Gaelic: Oighreachd a' Chrùin Alba) is the self-financing public corporation of the Scottish Government responsible for the management of land and property in Scotland owned by the monarch 'in right of the Crown'. It was separated from the Crown Estate of the United Kingdom under the Scotland Act 2016. It is responsible for a range of rural, coastal, urban and marine assets across Scotland. The monarch remains the legal owner of these assets, but they do not form the private property of the monarch, and cannot be sold by the monarch. The primary purpose of Crown Estate Scotland is to invest in property, natural resources, and places to create lasting value for the people of Scotland. Surplus revenue (i.e. revenue profit after maintaining and enhancing the value of the estate, as per the Scottish Crown Estate Act 2019) does not belong to the monarch, but is paid to the Scottish Consolidated Fund which in turn helps finance the Scottish Government.[1]
Crown Estate Scotland's main income source is from leases on the property, which is mostly in sectors such as offshore renewables, farming, tourism and aquaculture. The corporation is one of the largest property managers in Scotland, managing assets worth £568.2 million as of 2022.[2] These include over 35,565 hectares (87,880 acres) of land in rural Scotland, the majority of which is let for farming, residential, commercial, sporting and mineral operations. The estate also has significant holdings in the coastal and marine environment, including virtually all of the seabed out to 12 nautical miles (22 kilometres), rights to lease seabed for renewable energy generation and gas and carbon dioxide storage out to 200 nautical miles (370 kilometres) and just under half of Scotland's foreshore. The corporation works alongside the Scottish Government, Scottish Parliament, local authorities, communities, third sector and businesses with the aim to create "lasting value for Scotland".[1]
- ^ a b "About us>FAQs". Crown Estate Scotland. Retrieved 23 January 2020.
- ^ "Crown Estate Scotland Annual Report and Accounts to 31 March 2022". www.crownestatescotland.com. 25 November 2022. Retrieved 13 December 2022.